FICO : Millennials Need Help in Debt Management
- 8 years 4 months ago
- Risk Management, Wealth Management, Alternative Finance
FICO’s latest consumer finance trend research has revealed that 37 percent of Millennials aged 25-34 are concerned about their level of debt, while 33 percent of them are interested in getting assistance to help manage their debts. After residential mortgages, the biggest debt burden for this age group is student loans, with 32 percent of Millennials saying they owe $20,000 or more. A close second is auto loans, with 45 percent of Millennials ... more
WRDS Adds 2iQ – Bringing Power of Insider Transaction Data to Financial Research
- 8 years 4 months ago
- Banking, Cloud, Insurance, Accounting
Wharton Research Data Services (WRDS), the award-winning data research platform and business intelligence tool, announce the addition of 2iQ to its data offerings. A part of the Wharton School of the University of Pennsylvania, WRDS provides global corporations, universities and government agencies the thought leadership, data access and insights needed to enable impactful research.
Akana Platform to Power Barclays Developer Hackathon
- 8 years 4 months ago
- Banking, IT Innovations
Akana announced that its Akana Platform will power the app development efforts at the upcoming Barclays Hackathon. By joining forces with Barclays to sponsor the July 20-21 Hackathon, Akana and Barclays will showcase the same technology that the bank itself is using to manage APIs in its Barclays Developer Network (BDN), a strategic platform for exposing and managing APIs external to Barclays.
Path Solutions Receives Double Award at the ACQ5 Global Awards 2016
- 8 years 4 months ago
- Islamic Finance
Path Solutions, a leader in Islamic banking software solutions and services, is proud to announce that it was named ‘International Core Banking System Provider of the Year – Islamic Finance’ for the third consecutive year at the ACQ5 Global Awards 2016. Hot on the heels of this recognition came a second accolade, also from ACQ5 for the company’s iSHRAQ*Microfinance solution which has won the same category last year.
Barclays Unveils Digital Banking Hackathon with MuleSoft
- 8 years 4 months ago
- Banking, IT Innovations, Infrastructure
MuleSoft, provider of the leading platform for building application networks, today announced that it has partnered with Barclays to host a digital banking hackathon. The hackathon will take place at Barclays Technology Centre Radbroke in Cheshire on July 20 and 21. The event aims to foster innovation and harness technology to build a range of new financial services solutions.
D+H Adds ALLL Tool to CreditQuest® Portfolio Manager
DH Corporation, a leading provider of technology solutions to financial institutions globally, today announced the launch of the Allowance for Loan and Lease Losses tool in CreditQuest® Portfolio Manager. The new ALLL tool will support existing reserve methodologies and the new Current Expected Credit Loss standards. The new CECL standards involve several major changes to the way that financial institutions gather and analyze data and plan for... more
D+H Selected by Union Bank of the Philippines Cash Management Services
- 8 years 4 months ago
- Cash management, Banking
DH Corporation a leading provider of technology solutions to financial institutions globally, announced that Union Bank of the Philippines, which provides banking products and services to more than 7,000 corporate clients, has entered into an agreement with D+H to provide it with a suite of cash management solutions.
Source Technologies Enhances its Personal Teller Machine
- 8 years 4 months ago
- Banking, IT Innovations, Infrastructure
As financial institutions look to enhance their branch experiences for customers, Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced enhancements to its Personal Teller Machine, which now includes proximity sensing and the ability to pre-stage transactions.
IFX Forum Unveils Results of Open Banking APIs Summit Event
- 8 years 4 months ago
- Banking, Infrastructure
The IFX Forum today announced the results of its recent Open Banking APIs Summit event, held June 21-23 at the U.S. Bank facility in Minneapolis, Minnesota. This special meeting of the Forum's Architecture Committee was convened to seek a standardized way to address the growing impetus for banks to provide more open access to their data, in place of proprietary APIs being developed by financial institutions and vendors.
FIS Completes Technology Transformation with Bank Leumi USA
- 8 years 4 months ago
- Payments, Banking, IT Innovations, Infrastructure
FIS announced the completion of one of the industry’s most unique transformational projects with Bank Leumi USA.
Earthport Signs a Deal with Bank of The Bahamas
- 8 years 4 months ago
- Banking
Earthport has partnered with Bank of The Bahamas Limited, to provide local payment capability into The Bahamas. Through this new partnership Earthport will help support the efficient, secure and cost effective payment services into the country and further strengthen payment capability into the Caribbean. Currently, this market is only available for financial institution clients due to a condition of Earthport’s regulatory approval in the Bahamas.
Gulf Bank Gets Distinction by IFM 2016 Awards
- 8 years 4 months ago
- Banking, Retail Banking
London-based International Finance Magazine has conferred the 2016 award for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank. Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations in Kuwait.
Lloyds Banking Group: Online Lending to Small Businesses Soars in Two Years
- 8 years 4 months ago
- Alternative Finance
The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking. The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers... more
Big Banks Can Provide All They Want But the Postal Banking is Still Active
- 8 years 4 months ago
- Banking
Canadian Union of Postal Workers say there are issues on the table, including bringing back postal banking, an idea which has just been rejected by the big bank lobby. "We're not surprised that the big banks, which raked in a $35 billion profit last year by gouging Canadians with some of the highest fees in the world, would oppose a public banking option," said Mike Palecek, president of the Canadian Union of Postal Workers.
Climate Change: Impact on Financial Institutions
- 8 years 4 months ago
- Banking, Risk Management
Global warming adds significant new risks for the world's banks, insurers and pension funds, warns a study published by the Global Risk Institute. "Given the financial service industry's heavily integrated role in society, it is particularly susceptible to the risks associated with climate change," the study notes. "It must therefore ensure that proper climate change strategies and risk management procedures are in place in order to remain... more
